CIT Commercial Services Appoints Darrin Beer as Western Regional Sales and Portfolio Manager
August 11 2016 - 8:30AM
Business Wire
- Will Lead CIT Commercial Services
Activities in the Western United States
- Beer Has More Than 25 years of
Financial Services Experience
CIT Group Inc. (NYSE: CIT), cit.com, a leading provider of
commercial lending and leasing services, today announced that CIT
Commercial Services appointed Darrin Beer as Western Regional Sales
and Portfolio Manager. In this role, Beer will lead CIT Commercial
Services activities in the Western United States. He will continue
to be based in Los Angeles and report to Marc Heller, President of
CIT Commercial Services.
“Darrin has more than 25 years of financial services experience
and has been an important member of our Commercial Services team
since 1999,” said Heller. “He brings tremendous knowledge and
experience to this new role and will provide strong leadership to
the Western regional team as we continue to offer excellent service
to our new and long-standing clients in the region.”
Beer said, “I am excited to be taking on the management of CIT
Commercial Services’ Western regional team. I look forward to
working with this team of seasoned professionals to continue to
provide financial services that help consumer product companies
grow and further build our relationships throughout the
region.”
In his previous role with CIT Commercial Services, Beer served
as Western Regional Client Credit Manager, where he oversaw the
client loan portfolio for the region and grew client relationships.
Beer joined CIT in 1999 when CIT acquired the factoring portfolio
of Heller Financial, Inc. He previously held the position of Senior
Account Executive at Heller Financial. Prior to that, Beer was a
Leasing Broker with Financial Industry Consultants. He has been in
the financial services industry since 1990.
EDITOR’S NOTE:
CIT thought leadership content can be found at the Knowledge
Center on CIT.com (cit.com/knowledgecenter) and our CIT Point of
View blog (cit.com/pov). View our corporate video
(cit.com/corporatevideo) and follow us on Twitter, LinkedIn,
YouTube and Facebook. Register to receive press releases at
cit.com/newsalerts.
About CIT Commercial Services
CIT Commercial Services is one of the nation’s leading providers
of factoring and financing to consumer product companies. It
tailors financial solutions that help companies of all sizes
increase sales, improve cash flow, reduce operating expenses and
eliminate customer credit losses. Its clients (vendors) range in
size from $2 million to $1 billion in annual sales and sell to a
broad range of public and private retailers across the nation and
abroad. Its Internet-based platform provides clients with real-time
credit approvals and comprehensive accounts receivable information.
cit.com/commercialservices
About CIT
Founded in 1908, CIT (NYSE: CIT) is a financial holding company
with more than $65 billion in assets. Its principal bank
subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has
more than $30 billion of deposits and more than $40 billion of
assets. It provides financing, leasing and advisory services
principally to middle market companies across a wide variety of
industries primarily in North America, and equipment financing and
leasing solutions to the transportation sector. It also offers
products and services to consumers through its Internet bank
franchise and a network of retail branches in Southern California,
operating as OneWest Bank, a division of CIT Bank, N.A. cit.com
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160811005175/en/
CIT MEDIA RELATIONS:Matt Klein, 973-597-2020Director,
Media RelationsMatt.Klein@cit.comorCIT INVESTOR
RELATIONS:Barbara Callahan, 973-740-5058Senior Vice
PresidentBarbara.Callahan@cit.com
CIT (NYSE:CIT)
Historical Stock Chart
From Apr 2024 to May 2024
CIT (NYSE:CIT)
Historical Stock Chart
From May 2023 to May 2024